(224) 770−5305

BENEFITS & COSTS

IBEW Local 51

Summary of Benefits & Costs

Coverages are guaranteed approved for all actively working/dues paying Members of IBEW Local 51.

FOR QUICK AND EASY ENROLLMENT CALL (224) 770−5305 (Mon-Fri 8am-5 pm CT).

   Short-Term Disability (STD)

  • STD Option A weekly benefit of either $250 or $500 – Member’s choice
  • STD Option B pays a weekly benefit of 50% of your pre-disability earnings
  • All benefit options pay for up to 24 weeks
  • Pays on day 15 for injury or illness
  • Pre-existing conditions are covered after 12 months
  • Covers off the job disabilities resulting from injury or illness
  • Stackable with other benefits up to 100% of pre-disability earnings
  • Benefits paid are tax-free

SHORT-TERM DISABILITY – OPTION A: FLAT RATE MONTHLY PREMIUMS*

Weekly Benefit Age < 30 Age 30 – 39 Age 40 – 49 Age 50 – 59 Age 60 – 69
$250 $18.45 $19.15 $21.95 $31.18 $43.20
$500 $35.40 $36.90 $42.75 $62.10 $86.90

*Stackable with other benefits to 100% of pre-disability earnings

SHORT-TERM DISABILITY – OPTION B: 50% OF WEEKLY INCOME MONTHLY PREMIUMS**

Annual Earnings Weekly Benefit Age < 30 Age 30 – 39 Age 40 – 49 Age 50 – 59 Age 60 – 69
$60,000 $576.92 $22.44 $23.77 $28.15 $40.90 $57.23
$80,000 $769.23 $28.92 $30.69 $36.54 $53.54 $75.31
$100,000 $961.54 $35.40 $37.62 $44.92 $66.17 $93.38
$120,000 $1,153.85 $41.88 $44.54 $53.31 $78.81 $111.46

**For higher benefits options, call (224) 770−5305

  Long-Term Disability (LTD)

  • LTD Option A pays a flat $2,500 monthly benefit for up to 5 years
  • LTD Option B pays a monthly benefit of 60% of your pre-disability earnings for up to 10 years
  • Pays after 180 day waiting period (starts when STD ends)
  • Pre-existing conditions are covered after 12 months
  • Coverage is 24/7 on and off the job for disabilities resulting from injury or illness
  • Offset by other benefits
  • Benefits paid are tax-free

LONG-TERM DISABILITY – OPTION A: FLAT RATE MONTHLY PREMIUMS*

Monthly Benefit Age < 30 Age 30 – 39 Age 40 – 49 Age 50 – 59 Age 60 – 69
$2,500 $5.15 $7.65 $15.28 $31.35 $46.10

*Cannot exceed 60% of your monthly earnings

LONG-TERM DISABILITY – OPTION B: 60% OF MONTHLY INCOME MONTHLY PREMIUMS

Annual Earnings Monthly Benefit Age < 30 Age 30 – 39 Age 40 – 49 Age 50 – 59 Age 60 – 69
$60,000 $3,000 $8.04 $15.51 $36.33 $62.94 $58.89
$80,000 $4,000 $9.72 $19.68 $47.44 $82.92 $77.52
$100,000 $5,000 $11.40 $23.85 $58.55 $102.90 $96.15
$120,000 $6,000 $13.08 $28.02 $69.66 $122.88 $114.78

  Life and Accidental Death & Dismemberment (AD&D)

Please note that Life/AD&D guaranteed amounts may be lower or not offered at future open enrollments for Members who do not enroll initially.

  • Guaranteed coverage for Member/spouse/children—no pre-existing condition limitations
  • All Life coverage includes an equal amount of AD&D
  • If death is caused by an accident the benefit doubles
  • Member coverage of $50,000 (spousal and child coverage available if Member life coverage is elected)
  • Spousal coverage of $25,000 (not to exceed 100% of Member’s election)
  • Children eligible for a flat $10,000 of coverage. One fee of $1.90 covers all dependents.
  • Life coverage is convertible & portable
  • Coverage is 24/7 on and off the job

LIFE / AD&D BENEFITS & MONTHLY PREMIUMS

Member

Benefit Age < 30 Age 30 – 39 Age 40 – 49 Age 50 – 59 Age 60 – 69
$50,000 $8.05 $9.15 $15.60 $36.20 $84.85

Spouse (Based on Member age. Not to exceed 100% of Member’s Life election.)

Benefit Age < 30 Age 30 – 39 Age 40 – 49 Age 50 – 59 Age 60 – 69
$25,000 $5.03 $5.58 $8.80 $19.10 $43.43

Child(ren)

Benefit Age < 30 Age 30 – 39 Age 40 – 49 Age 50 – 59 Age 60 – 69
$10,000 All children/dependents are covered at one cost of $1.90

Call (224) 770−5305 to get premiums not listed above.

IMPORTANT NOTE: If you leave the union or retire it is your responsibility to contact our office immediately at (847) 387-3555. Failure to do so within 30 days will forfeit your ability to keep coverage and receive any premium refunds. Premium is determined by your age on the coverage effective date, and will increase on the next policy anniversary date after you enter the next age band. Benefit effective dates are subject to change. The union does not make any endorsement or recommendations regarding these benefits. This program is voluntary and it is solely the Members’ decision to enroll. Members are responsible for paying their own premiums. This is a basic summary of benefits and makes no guarantee or warranty on the processing of claims. Other limitations may apply. It is recommended that each enrolled Member obtain a copy and read the entire policy booklet. All non-banking administrative and transaction fees are included in the enclosed premiums.

Time Left to Enroll

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Enrollment Ends 6/17/2022
Coverage Begins 7/1/2022